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A public company inviting funds from the general public must first obtain approval from:
ARBI
BIRDA
CTRAI
DSEBI
Answer & Solution
Correct answer: D. SEBI
1. It is the regulatory authority for securities.
2. It sets disclosure and investor protection rules.
3. The approval comes from SEBI.
_Source: NCERT Class 11 Business Studies, Chapter 7, Formation of a Company._
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